Cryptocurrency Q&A
Is USDT legal in Singapore?｜. In a pioneering decision in the common law, the Singapore High Court has held that Tether (a type of cryptocurrency known as fiat-backed stablecoin, pegged to the US dollar and also known as USDT) is property - specifically a chose in action.SINGAPORE COURT HOLDS THAT USDT IS PROPERTY CAPABLE OF BEING HELD ON TRUST
Is USDT legal in Singapore?｜. In a pioneering decision in the common law, the Singapore High Court has held that Tether (a type of cryptocurrency known as fiat-backed stablecoin, pegged to the US dollar and also known as USDT) is property - specifically a chose in action.SINGAPORE COURT HOLDS THAT USDT IS PROPERTY CAPABLE OF BEING HELD ON TRUST
Giulia
Fri Jun 07 2024
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5 answers
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Could you please elaborate on the legality of USDT in Singapore? The Singapore High Court's recent ruling characterizes Tether, a fiat-backed stablecoin pegged to the US dollar, as property capable of being held on trust. Does this ruling imply that USDT is now considered legal tender in Singapore? Or does it simply classify it as a type of asset that can be held in trust? I'm curious to know how this decision affects the regulatory status of USDT in Singapore and whether it opens up new opportunities for cryptocurrency transactions within the country.
5 answers
SumoPowerful
Sun Jun 09 2024
Finance, on the other hand, is the management of money and other assets. It involves various activities such as investing, borrowing, lending, and saving. The integration of cryptocurrency into the financial world has opened up new avenues for investors and traders.
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Stefano
Sun Jun 09 2024
BTCC, a UK-based cryptocurrency exchange, is a leading platform in this domain. It offers a comprehensive suite of services that cater to the diverse needs of crypto enthusiasts. From spot trading to futures contracts, BTCC provides a secure and user-friendly environment for transactions.
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InfinityEcho
Sun Jun 09 2024
One of the key services offered by BTCC is its wallet solution. This feature allows users to safely store their cryptocurrencies in a secure digital wallet. With multiple layers of security, BTCC ensures that user funds are protected from unauthorized access.
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BitcoinWizardry
Sun Jun 09 2024
Cryptocurrency, a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units, has gained immense popularity in recent years. With the rise of blockchain technology, cryptocurrencies have emerged as a viable alternative to traditional fiat currencies.
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IncheonBeautyBloom
Sun Jun 09 2024
In addition to wallet services, BTCC also offers futures trading. This allows traders to speculate on the future prices of cryptocurrencies, providing an opportunity for leveraged profits. The exchange offers a range of futures contracts, tailored to suit different risk appetites and investment strategies.
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